Company name:

Cactus Inc

  • IPO SHARE PRICE:
    $19.00
  • IPO DATE:
    February 08, 2018
  • TICKER:
    WHD
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    920 Memorial City Way Suite 300 Houston Texas 77024
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Cactus Inc

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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
59.3% —

Product revenue

21.7% —

Field service and other revenue

19.0% —

Rental revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Product revenue
45,679
45,679
 189,091 290,496 357,087 206,801 206,801 172,080
Rental revenue
$45,679
$45,679
 77,469 133,418 141,816 66,169 66,169 34,360
Field service and other revenue
$45,679
$45,679
 74,631 120,221 129,511 75,596 75,596 65,920
Total Revenue
$45,679
$45,679
 $341,191 $544,135 $628,414 $348,566 $348,566 $272,360
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
79.9%
37.8% —

Cost of Product

16.1% —

Cost of field service and other revenue

14.1% —

Cost of rental revenue

11.4% —

Selling general and administrative

0.5% —

Severance expenses
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of Product
45,679
45,679
 124,030 174,675 220,615 131,728 131,728 119,008
Cost of rental revenue
45,679
45,679
 40,519 55,015 69,829 49,077 49,077 37,664
Cost of field service and other revenue
45,679
45,679
 60,602 96,215 103,163 56,143 56,143 46,092
Selling general and administrative
45,679
45,679
 27,177 40,529 51,657 39,715 39,715 35,904
Severance expenses
-
-
 - - - 1,864 1,864 -
Total expenses
45,679
45,679
 $252,328 $366,434 $445,264 $278,527 $278,527 $238,668
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
20.1%
20.1% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 $88,863 $177,701 $183,150 $70,039 $70,039 $33,692
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.2%
0.2% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
-
 - (4,305) 4,294 (555) (555) -
Total non-operating income (expense)
45,679
45,679
 - (4,305) 4,294 (555) (555) -
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
19.9%
19.9% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 $88,863 $173,396 $187,444 $69,484 $69,484 $33,692
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
2.9%
0.2% —

Interest expense (income)

3.1% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense (income)
-
-
 (20,767) (3,595) 879 701 701 -
Interest expense
45,679
45,679
 (20,767) (3,595) - - - -
Income before income taxes
45,679
45,679
 68,096 169,801 188,323 70,185 70,185 33,092
Income tax expense or benefit
45,679
45,679
 1,549 19,520 32,020 10,970 10,970 8,548
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
17.0%
17.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 $66,547 $150,281 $156,303 $59,215 $59,215 $24,544
Pre-IPO Net income (loss) attributable to Predecessor
-
45,679
 66,547 13,648 - - - -
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
-
45,679
 - 84,950 70,691 24,769 24,769 11,736
Net income (loss) attributable to Company
-
45,679
 - 51,683 85,612 34,446 34,446 12,808

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
 26,450,000 37,873,071 47,339,551 47,894,842 47,894,842 47,894,842
Class B
-
-
 48,439,772 37,236,142 27,957,699 27,655,077 27,655,077 27,655,077
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share - Class A
$45,678,795.00
$45,678,795.00
 - $1.60 $1.90 $0.73 $0.73 $0.28
Net Income per diluted share - Class A
$45,678,795.00
$45,678,795.00
 - $1.58 $1.88 $0.72 $0.72 $0.32